Connect Group PLC (CNCT) Declares Dividend of GBX 6.50
Connect Group PLC (LON:CNCT) declared a dividend on Tuesday, October 18th. Investors of record on Thursday, January 12th will be paid a dividend of GBX 6.50 ($0.08) per share on Friday, February 10th. This represents a dividend yield of 4.63%. The ex-dividend date is Thursday, January 12th. This is an increase from Connect Group PLC’s previous dividend of $3.00. The official announcement can be viewed at this link.
Connect Group PLC (LON:CNCT) opened at 140.50 on Wednesday. The stock’s market cap is GBX 340.85 million. The company’s 50 day moving average price is GBX 157.82 and its 200 day moving average price is GBX 156.23. Connect Group PLC has a 12 month low of GBX 129.75 and a 12 month high of GBX 175.00.
Several brokerages recently weighed in on CNCT. FinnCap restated a “buy” rating on shares of Connect Group PLC in a report on Tuesday. Peel Hunt restated a “buy” rating and set a GBX 180 ($2.19) target price on shares of Connect Group PLC in a report on Tuesday. JPMorgan Chase & Co. lowered their price target on Connect Group PLC from GBX 185 ($2.25) to GBX 181 ($2.21) and set an “overweight” rating for the company in a research report on Wednesday, July 6th. Finally, Liberum Capital reaffirmed a “buy” rating and set a GBX 170 ($2.07) price target on shares of Connect Group PLC in a research report on Tuesday, July 5th. Six analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus price target of GBX 186.40 ($2.27).
About Connect Group PLC
Connect Group PLC, formerly Smiths News Plc, is a United Kingdom-based distribution company. The Company’s segments include Connect News & Media: News Distribution (also referred as Smiths News); Connect News & Media: Media (Dawson Media Direct (DMD)); Connect Books (Bertrams, Dawson Books and Wordery); Connect Education and Care (The Consortium), and Connect Parcel Freight (Tuffnells).
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